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GBP/EUR Is 1% Up In The Last 10 Sessions

ViaNews Editorial Team

November 30, 2023

GBP/EUR Is 1% Up In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.05% for the last 10 sessions. At 05:07 EST on Thursday, 30 November, GBP/EUR (GBPEUR) is $1.16.

GBP/EUR's yearly highs and lows, it's 3.834% up from its 52-week low and 1.767% down from its 52-week high.

Volatility

GBP/EUR's last week, last month's, and last quarter's current intraday variation average was 0.18%, 0.03%, and 0.20%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.18% (last week), 0.20% (last month), and 0.20% (last quarter), respectively.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/EUR's Forex is considered to be oversold (<=20).

News about

  • According to FXStreet on Tuesday, 28 November, "The Euro navigates a tight range against the US Dollar, motivating EUR/USD to hover around the 1.0950 zoneon Tuesday.", "Further north, EUR/USD might face resistance around the August top of 1.1064 (August 10) and another weekly peak of 1.1149 (July 27), both of which precede the 2023 high of 1.1275 (July 18)."
  • According to FXStreet on Tuesday, 28 November, "A return to 0.9713 (200-DMA) still appears ambitious with a push in EUR/USD above 1.10."
  • Eur/usd price analysis: the key contention level is seen at the 1.0890–1.0900 zone. According to FXStreet on Tuesday, 28 November, "The EUR/USD pair snaps the three-day winning streak during the early European session on Tuesday. ", " Technically, the EUR/USD pair maintains a bullish outlook as the major pair holds above the 50- and 100-hour Exponential Moving Averages (EMA) on the four-hour chart. "
  • Eur/usd refreshes multi-month peak as fed rate cut bets continue to undermine the USD. According to FXStreet on Tuesday, 28 November, "The EUR/USD pair trades with a positive bias for the fourth straight day and climbs to its highest level since August 11 during the Asian session on Tuesday. ", "This will be followed by the flash Eurozone CPI report on Thursday and the US Core PCE Price Index - the Fed's preferred inflation gauge - on Thursday, which, in turn, will drive the EUR/USD pair in the near term."

More news about GBP/EUR (GBPEUR).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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